A Thetford factory is moving into new markets and made the future more secure for its 111-strong workforce after scooping a £6,300 grant.
Camvac used the Grants4Growth money towards the cost of creating a giant insulated ‘hot box’ using waste heat from a compressor.
The move has enabled the company to scale-up their products and pursue new markets and applications.
Richard Kerry, compliance manager, said: “Huge bags holding 24,000 litres of wine or bulk products such as tomato puree or even bio diesel can now be used in shipping containers but we could not address the market for these higher-specification products before. Now we can, thanks to this grant and our investment in innovation, and we’re also moving into markets such as insulation.”
He added that 2013 was a ‘difficult year’ for the company but the new investment and diversification into higher-margin products helped to safeguard jobs at the plant with the grant playing a ‘significant’ part in that.
Grants4Growth, administered by Breckland Council, is part of a regional project which distributes £8.5 million European Regional Development Fund money to assist businesses.
Camvac manufactures metalised films used in the packaging industry for products such as the bags inside supermarket wine boxes.